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Bitcoin Intraday: the downside prevails as long as 70670 is resistance
Mar 12, 2026 5:04 AM
the downside prevails as long as 70670 is resistance.
Our pivot point stands at 70670.
Our preference:
the downside prevails as long as 70670 is resistance.
Alternative scenario:
above 70670, look for 72320 and 73290.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70042 and 70029).
Supports and resistances:
73290 **
72320 *
70670 **
69345 last
67390
66410 **
65440 *
Our preference:
the downside prevails as long as 70670 is resistance.
Alternative scenario:
above 70670, look for 72320 and 73290.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70042 and 70029).
Supports and resistances:
73290 **
72320 *
70670 **
69345 last
67390
66410 **
65440 *
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